Property and Equipment, Net

9 Months Ended

Sep. 30, 2020

Property Plant And Equipment [Abstract]

8.	Property and Equipment, Net

Property and equipment, net consists of the following:

	September 30, 2020			December 31, 2019
Land	$	6,488		$	6,417
Buildings and leasehold improvements		108,021			109,172
Laboratory and manufacturing equipment		34,500			31,173
Office and computer equipment		1,779			2,659
Right-of-use assets under finance lease		14,415			14,753
Construction-in-process, not yet available for use		46,551			37,160
		211,754			201,334
Less: accumulated depreciation		(24,124	)		(17,117	)
Total	$	187,630		$	184,217

In connection with the Company’s closure of its High Park Gardens facility, the Company determined that the fair value of the land and buildings at the High Park Gardens facility (Level 2) was below its carrying value. The decline in fair value of the land and buildings at the High Park Gardens facility is primarily due to recent sales of similar properties resulting in a lower implied sale price per acre of land and greenhouse space. As a result, the Company incurred non-cash impairment charges of $13,616 presented in impairment of assets in the statements of net loss and comprehensive loss (refer to Note 2).

Refer to Note 18 for contractual commitments related to construction-in-process.